ENGIE

French energy company ENGIE (ENGIE.PA) sold its British shale gas interests to Anglo-Swiss petrochemicals giant Ineos for an undisclosed sum in March 2017. This consisted of 15 licences, seven of which Ineos had an interest in. The deal has increased Ineos’ position as Britain’s largest shale gas company with access to a shale gas area of more than 1.2 million acres.

ENGIE had been one of the first companies to invest in the UK's fledgling shale gas industry when it bought parts of Dart Energy’s licenses, a company since then taken over by IGas, in 2013.

The decision was made following ENGIE Group’s strategic review notably in response to commodity price declines,” said a spokeswoman. Global oil prices have halved since hitting a peak in mid-2014 and have also weighed on gas prices.

Lobbyists

• Brevia Consulting